Latest news with #RUM
Yahoo
17-07-2025
- Business
- Yahoo
AM Best Assigns Issuer Credit Rating to Fontana Holdings L.P.; Affirms Credit Ratings of Member Companies
OLDWICK, N.J., July 17, 2025--(BUSINESS WIRE)--AM Best has assigned a Long-Term Issuer Credit Rating (Long-Term ICR) of "bbb+" (Good) to Fontana Holdings L.P. The outlook assigned to this Credit Rating (rating) is stable. Concurrently, AM Best has affirmed the Financial Strength Rating of A (Excellent) and the Long-Term ICRs of "a+" (Excellent) of Fontana Reinsurance U.S. Ltd. and Fontana Reinsurance Ltd., which are subsidiaries of Fontana Holdings L.P. The outlook of these ratings is stable. All companies are domiciled in Bermuda and collectively referred to as Fontana. The ratings reflect Fontana's balance sheet strength, which AM Best assesses as strong, as well as its adequate operating performance, neutral business profile and very strong enterprise risk management (ERM). Fontana Holdings L.P. is a joint venture between RenaissanceRe Holdings Ltd. (RenaissanceRe) [NYSE:RNR] and various third-party capital partners. Both Fontana Reinsurance Ltd. and Fontana Reinsurance U.S. Ltd. are ultimately owned by Fontana Holdings L.P., and each company's rating considers its strategic importance to Fontana. Fontana is critical to RenaissanceRe's diversification, being the first joint venture focused on casualty and specialty risk. Fontana is managed solely by Renaissance Underwriting Managers, Ltd. (RUM) and is consolidated into RenaissanceRe's financial statements. Fontana started operations in April 2022 with USD 475 million in committed capital and has assumed a whole account quota share of RenaissanceRe's casualty and specialty book of business. Fontana's capital has been supported by its parent, which has raised capital successfully over the past years to support the growth of Fontana Reinsurance Ltd. and Fontana Reinsurance U.S. Ltd. The ratings of the Fontana entities continue to reflect the strength and depth of RenaissanceRe's management team and its leadership in ERM, as well as the benefits that should accrue to Fontana as a result of RenaissanceRe—through RUM—managing underwriting, pricing, risk selection, reserves, investments, claims, etc. AM Best notes that Fontana's operating performance and overall balance sheet strength have been maintained at levels consistent with expectations over its relatively short operating history. As the companies gain scale, AM Best expects that Fontana will generate underwriting profits and earnings to support the adequate operating performance, and that risk-adjusted capitalization will be maintained at levels to support the strong balance sheet assessment, broadly consistent with RenaissanceRe's long-term risk appetite for this entity. This press release relates to Credit Ratings that have been published on AM Best's website. For all rating information relating to the release and pertinent disclosures, including details of the office responsible for issuing each of the individual ratings referenced in this release, please see AM Best's Recent Rating Activity web page. For additional information regarding the use and limitations of Credit Rating opinions, please view Guide to Best's Credit Ratings. For information on the proper use of Best's Credit Ratings, Best's Performance Assessments, Best's Preliminary Credit Assessments and AM Best press releases, please view Guide to Proper Use of Best's Ratings & Assessments. AM Best is a global credit rating agency, news publisher and data analytics provider specializing in the insurance industry. Headquartered in the United States, the company does business in over 100 countries with regional offices in London, Amsterdam, Dubai, Hong Kong, Singapore and Mexico City. For more information, visit Copyright © 2025 by A.M. Best Rating Services, Inc. and/or its affiliates. ALL RIGHTS RESERVED. View source version on Contacts Antonietta Iachetta Associate Director +1 908 882 1901 Gregory Dickerson Director +1 908 882 1737 Christopher Sharkey Associate Director, Public Relations +1 908 882 2310 Al Slavin Senior Public Relations Specialist +1 908 882 2318
Yahoo
10-06-2025
- Business
- Yahoo
RUM Q1 Earnings Call: User Retention, Creator Monetization, and Wallet Launch in Focus
Video sharing platform Rumble (NASDAQGM:RUM) reported Q1 CY2025 results beating Wall Street's revenue expectations , with sales up 33.7% year on year to $23.71 million. Its GAAP loss of $0.01 per share was 90% above analysts' consensus estimates. Is now the time to buy RUM? Find out in our full research report (it's free). Revenue: $23.71 million vs analyst estimates of $22.77 million (33.7% year-on-year growth, 4.1% beat) EPS (GAAP): -$0.01 vs analyst estimates of -$0.10 (90% beat) Adjusted EBITDA: -$22.71 million vs analyst estimates of -$17.71 million (-95.8% margin, 28.2% miss) Operating Margin: -146%, up from -190% in the same quarter last year Market Capitalization: $3.17 billion Rumble's first quarter results highlighted significant improvement in user retention and audience monetization, according to CEO Chris Pavlovski. He pointed to an 87% retention rate for monthly active users (MAUs) compared to the prior post-election cycle, attributing this to recent investments in Rumble's video platform and product enhancements. Pavlovski noted, 'Our user retention in Q1 greatly exceeded the previous post-midterm election cycle, something our team was laser-focused on accomplishing since Q1 2023.' The company also reported progress in diversifying its revenue streams, with increased subscription revenue and new advertising partnerships. Management emphasized the importance of these operational gains as foundational to Rumble's ongoing growth strategy. Looking forward, Rumble's management is prioritizing the launch of the Rumble Wallet in partnership with Tether, targeting a Q3 rollout to support creator payments and international monetization. CEO Chris Pavlovski described the wallet as a 'gateway to monetize international markets,' noting that localization efforts and ongoing discussions with crypto exchanges are underway. Management anticipates that the wallet will drive major user growth and expand revenue opportunities, particularly for creators preferring crypto payments. Additionally, CFO Brandon Alexandroff highlighted continued investments in Rumble Cloud and a focus on cost discipline, stating, 'We continue to expect to move materially towards adjusted EBITDA breakeven in 2025.' Management attributed the quarter's performance to better user retention, growth in advertising partnerships, and investments in product development, while one-time payroll costs impacted expenses. User retention improvement: Rumble achieved an 87% retention rate of monthly active users following the U.S. election cycle, up from 60% after the prior cycle, reflecting improved product engagement and feature updates. Advertising partnerships traction: The company secured new brand campaigns with Netflix, and Chevron, signaling a shift as larger advertisers begin to engage with Rumble's platform after previously cited industry headwinds. Product diversification: Rumble advanced its core offerings—Rumble Video, Rumble Ads, and Rumble Cloud—while also preparing to launch the Rumble Wallet, broadening its ecosystem and revenue potential. International and crypto focus: Management sees the Rumble Wallet as critical to monetizing international markets, aided by localized content and integration with crypto exchanges. This initiative is designed to appeal to both creators and the global user base. One-time expense impact: Operating expenses increased due to a one-time executive departure and payroll tax events related to the Tether investment, with management emphasizing these were not recurring items. Rumble's outlook centers on expanding its international presence, accelerating creator monetization, and progressing toward adjusted EBITDA breakeven through new product launches and operational discipline. Rumble Wallet launch: Management expects the Q3 debut of the Rumble Wallet, built with Tether, to open new monetization channels by enabling crypto payments for creators and users, particularly outside North America. The wallet is also positioned to compete directly with established platforms like Coinbase. Brand advertiser pipeline: Leadership anticipates that recent traction with major brands will lead to additional advertising partnerships, which could support higher audience monetization and stabilize revenue beyond cyclical political events. Cost management and investment: The company is balancing investment in core products and international expansion with a stated goal of moving toward adjusted EBITDA breakeven. Management cautioned that while investments will remain elevated, cost discipline is a priority, supported by a strengthened cash position from the Tether transaction. In upcoming quarters, the StockStory team will monitor (1) the adoption and monetization impact of the Rumble Wallet, (2) the growth and retention of both creators and users as international markets come online, and (3) the ramp-up of new brand advertising partnerships. Progress in these areas, along with further cost discipline, will be key to Rumble's trajectory toward profitability. Rumble currently trades at a trailing 12-month price-to-sales ratio of 21.9×. At this valuation, is it a buy or sell post earnings? The answer lies in our full research report (it's free). The market surged in 2024 and reached record highs after Donald Trump's presidential victory in November, but questions about new economic policies are adding much uncertainty for 2025. While the crowd speculates what might happen next, we're homing in on the companies that can succeed regardless of the political or macroeconomic environment. Put yourself in the driver's seat and build a durable portfolio by checking out our Top 5 Strong Momentum Stocks for this week. This is a curated list of our High Quality stocks that have generated a market-beating return of 183% over the last five years (as of March 31st 2025). Stocks that made our list in 2020 include now familiar names such as Nvidia (+1,545% between March 2020 and March 2025) as well as under-the-radar businesses like the once-small-cap company Comfort Systems (+782% five-year return). Find your next big winner with StockStory today. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
10-05-2025
- Business
- Yahoo
Why Rumble Inc. (RUM) Soared On Friday
We recently published a list of In this article, we are going to take a look at where Rumble Inc. (NASDAQ:RUM) stands against other Friday's best-performing stocks. The stock market edged lower on the last day of the trading week as investors sold off positions to mitigate risks from the anticipated trade talks between the US and China this weekend. The Dow Jones and the S&P 500 both fell by 0.29 percent and 0.07 percent, respectively. In contrast, the tech-heavy Nasdaq ended flat. Beyond the major indices, 10 companies traded strongly, finishing with as much as double-digit gains, thanks to the continued positive earnings performance and optimistic outlooks. In this article, we name Friday's 10 best-performing stocks and detail the reasons behind their gains. To come up with the list, we considered only the stocks with a $2-billion market capitalization and $5-million trading volume. A large flat-screen TV streaming video from a video hosting platform. Rumble Inc. jumped by 19.54 percent on Friday to finish at $9.30 apiece as investor sentiment was fueled by a strong first-quarter earnings performance. In its earnings release, Rumble Inc. (NASDAQ:RUM) said net loss shrunk by 94 percent to $2.7 million from $43.3 million in the same period last year, while revenues increased by 34 percent to $23.7 million from $17.7 million year-on-year driven by increased subscription revenue and monetization across its video and advertising platforms. While the company did not provide any financial targets for the second quarter and full-year 2025, it signaled plans to expand 'in initiatives that could accelerate and expand our business,' thanks to its recently raised fresh funds worth $775 million from Tether. According to Rumble Inc. (NASDAQ:RUM) earlier, some $250 million of the proceeds will be used to support growth initiatives. Overall, RUM ranks 2nd on our list of Friday's best-performing stocks. While we acknowledge the potential of RUM as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. There is an AI stock that went up since the beginning of 2025, while popular AI stocks lost around 25%. If you are looking for an AI stock that is more promising than RUM but that trades at less than 5 times its earnings, check out our report about this cheapest AI stock. READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires. Disclosure: None. This article is originally published at Insider Monkey. Sign in to access your portfolio
Yahoo
10-05-2025
- Business
- Yahoo
Why Rumble Inc. (RUM) Soared On Friday
We recently published a list of In this article, we are going to take a look at where Rumble Inc. (NASDAQ:RUM) stands against other Friday's best-performing stocks. The stock market edged lower on the last day of the trading week as investors sold off positions to mitigate risks from the anticipated trade talks between the US and China this weekend. The Dow Jones and the S&P 500 both fell by 0.29 percent and 0.07 percent, respectively. In contrast, the tech-heavy Nasdaq ended flat. Beyond the major indices, 10 companies traded strongly, finishing with as much as double-digit gains, thanks to the continued positive earnings performance and optimistic outlooks. In this article, we name Friday's 10 best-performing stocks and detail the reasons behind their gains. To come up with the list, we considered only the stocks with a $2-billion market capitalization and $5-million trading volume. A large flat-screen TV streaming video from a video hosting platform. Rumble Inc. jumped by 19.54 percent on Friday to finish at $9.30 apiece as investor sentiment was fueled by a strong first-quarter earnings performance. In its earnings release, Rumble Inc. (NASDAQ:RUM) said net loss shrunk by 94 percent to $2.7 million from $43.3 million in the same period last year, while revenues increased by 34 percent to $23.7 million from $17.7 million year-on-year driven by increased subscription revenue and monetization across its video and advertising platforms. While the company did not provide any financial targets for the second quarter and full-year 2025, it signaled plans to expand 'in initiatives that could accelerate and expand our business,' thanks to its recently raised fresh funds worth $775 million from Tether. According to Rumble Inc. (NASDAQ:RUM) earlier, some $250 million of the proceeds will be used to support growth initiatives. Overall, RUM ranks 2nd on our list of Friday's best-performing stocks. While we acknowledge the potential of RUM as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. There is an AI stock that went up since the beginning of 2025, while popular AI stocks lost around 25%. If you are looking for an AI stock that is more promising than RUM but that trades at less than 5 times its earnings, check out our report about this cheapest AI stock. READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires. Disclosure: None. This article is originally published at Insider Monkey. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Daily Mirror
02-05-2025
- Entertainment
- Daily Mirror
Coronation Street star tackles male suicide in theatre show inspired by friend's tragic death
Former Coronation Street actor Joe Mallalieu is on tour with his play RUM - a blistering new play about masculinity and male suicide, violence and vulnerability Former Coronation Street star performs monologue about male suicide Empty cans of Stella litter the stage, but Danny finds one unopened and drains it as he carries on his monologue, stepping over building debris and trapped by two unfinished walls. "I'm plastering stock, you see," he tells the audience, mixing plaster. "Building royalty. Dad's a spread. Granddad was a spread an' all six of his brothers, barring one who was a chef, and everyone said he w'posh. "So, it's fair to say that when it comes to this shit, it's in me blood." Across the ARC Theatre in Stockton-on-Tees there is a ripple of recognition from the 'pay-what-you-can' audience, on the opening night of 'RUM, a blistering new play about masculinity and male suicide, violence and vulnerability. A surprise hit of the Edinburgh Festival Fringe, this is Adolescence for the generation before Andrew Tate. By the end, the eyes of more than one coal-built Teeside man are filled with emotion, as the darkest consequences of not being able to express feelings are played out. Danny is not just finishing the job his workmate left unfinished, he is supposed to be writing the speech for his best mate's funeral. Jase has taken his own life – and Danny is in danger of wasting his in a haze of cocaine, punch-ups and childhood memories he is trying to force down with cheap lager. "In 2021, I lost my mate Dillon," says former Coronation Street actor Joe Mallalieu, who wrote the play and holds the stage as Danny. "Dillon took his life. I keep thinking, 'was that moment him trying to say something to me?' Writing this was the thing that saved me." 'Rum' has a deep resonance in Teeside, which has long battled the unwanted label of 'suicide capital of the UK' – a place where 75 per cent of those taking their own lives are men. In the hope the play can provoke fresh conversations, Max Emmerson Productions has partnered with the charity Andy's Man Club which sees thousands of men chat over a brew on Monday nights in 270 towns and cities right across the UK. The only rule of Andy's Man Club is 'it's okay to talk'. "I met Dillon when I was 12," Joe, 33, says. "He joined me and my mates I'd known since I was five. When we were about 14, Dillon was fostered. We never really thought about why. We all stayed mates, we were each other's best men and godfathers. "Dillon used to get into fights. Sometimes being hard is all you have got, and Dillon got known as someone who never backed down. Not being able to be scared must be so bad. "It happened during lockdown. He'd got in trouble with the police, and he was afraid of going to prison. "When he took his life, he'd been on a bender. We'd been out a few days before, there's a video of us singing Oasis, that's why I put Oasis in the play. He was 28." Joe looks away. "I'm not writing to Dillon," he says, eventually. "I'm writing to lads. I'm not trying to write about building sites, that's just the trade I know – I'm writing to my class. The ones who are really struggling. Feeling stuck. Feeling like we're getting left behind. "It's hard to speak about this from any background, but it's especially hard from a working-class background. "The building trade is the worst for suicide. I remember being on a site wearing a harness and they said to me, the last person that wore that isn't here anymore. "Drugs are such a huge part of the building industry. Paid on Friday, skint on Sunday. What happened to all the other bits that used to be part of working-class culture, the music and the pigeon lofts? "I really wanted to say something with this about how we're struggling and why we're struggling – and how we could struggle a bit less if we were able to say a little bit more." The battle is not just for working class communities to speak, it's to be heard, Joe says. "My experience is that the people who commission drama have never wanted working class less," he says. At 16, Joe began a different path from his peers when he beat thousands of school pupils across the UK to land one of eight places on BBC reality documentary Mission Beach, where he trained as a 'Baywatch' lifeguard. At 24, he won a place at drama school, training at the former Academy of Live and Recorded Arts (ALRA). In 2018, he appeared in Coronation Street as Cormac Truman, the son of the drug-dealing Ronan Truman, with a dramatic overdose storyline. Stints on stage and soap followed, but in between, he always went back to plastering, the trade he'd learned as a kid from his father and grandfather. He was plastering royalty after all. "Being a working class actor, I was always the drug dealer or the person who dies of the drug overdose," Joe says. "So, I wanted Danny to be more than that. So much writing for TV and theatre sees us as two-dimensional characters. I wanted to write something that's more accurate to where I'm from. "I started going to acting when I was in a behaviour support unit. I'd been excluded from school for fighting many times. People used to come to my house in the evening and ask for a fight. "When I got a scholarship to acting college, I nearly didn't go. We didn't have the money to get to London, and you hear all these stories of people who had to change their accents." At acting school, Joe started reading more. "When I read The Grapes of Wrath it changed my life. I was always writing, but I didn't connect it. I'd always known plastering was this amazing metaphor and that lots of things about building are really beautiful. Imagine saying that on a building site? "Plaster cracks really easily. Things are always moving. Sites are full of stories. The story of Rum is Danny plastering over the cracks, but they just keep showing back through." For some of the men in the Stockton audience on opening night, it was their first time in a theatre. For others, it was the first time they'd seen themselves represented, by the paint, plaster and blood-spattered Danny. "This spoke true to me today," a man wearing an Andy's Man Club shirt tells Joe after the show. "We plaster over the cracks, we all wear a mask. We don't know how to ask for help." Joe nods. "It's scary to take the mask off," he says. "I'm still putting one on. Try doing a play and then going back on a building site." He laughs, then shakes his head. "Male suicide is as high as it is because of all the years these stories haven't been important. And that's what I'm trying to change."
